16h ago
HDFC Bank hit with US securities-fraud probe after ₹450M Maharashtra payment allegation
The Law Offices of Frank R. Cruz said it is investigating HDFC Bank Limited for possible violations of US federal securities laws after allegations of improper payments tied to large deposits. The Indian Express reported that the bank paid about ₹450M rupees to Maharashtra’s road development corporation, allegedly disguising the payments as marketing expenses, and said the CEO was aware. HDFC Bank’s ADR fell $1.02, or 4.1%, to close at $23.78 on May 27, 2026. The firm said the review could lead to a securities-fraud case and potential investor litigation.
16h ago
17h ago
Mahindra Logistics swings to ₹25.39 crore profit in quarter ended 30 June 2026
Mahindra Logistics posted a consolidated net profit of ₹25.39 crore for the quarter ended 30 June 2026, reversing a ₹10.80 crore loss a year earlier. Revenue from operations rose 23% year on year to ₹2,002.88 crore. Earnings per share improved to ₹2.56 from a loss of ₹1.44. The Supply Chain Management segment reported a profit of ₹37.33 crore, a sharp recovery from a loss of ₹10.38 crore.
17h ago
17h ago
Soybeans slip as USDA data show 66% blooming by July 19
USDA NASS data showed 66% of the U.S. soybean crop was blooming as of 7/19, 6 percentage points ahead of normal, with 32% setting pods, 8 points ahead. Crop condition ratings improved to 66% good/excellent. Soybean futures and cash prices fell, with the August contract down 6 1/2 cents to $12.19 1/2 per bushel and the national average cash price down 5 cents to $11.84 per bushel. The figures point to faster development and improved conditions in key areas, pressuring prices in the near term.
17h ago
17h ago
Starbucks shares near $105 ahead of July 29 results as Niccol turnaround gains traction despite halved profit
Starbucks is set to report fiscal 2026 third-quarter results after the close on July 29. Over the past two quarters, global and U.S. comparable-store sales have accelerated to +6.2% and +7.1% in Q2, alongside a rebound in transactions, wider operating margins, and sharply higher EPS year over year. The company has raised its full-year guidance for comparable-store sales and earnings, while the stock trades near a 52-week high at an elevated valuation as investors look to the next report to confirm the turnaround’s durability.
17h ago
18h ago
S&P 500, Dow and Nasdaq 100 finish higher as chipmakers jump and SOXX gains more than 5%
U.S. stocks closed higher on Tuesday, led by the Nasdaq 100 Index up 1.93% as the iShares Semiconductor ETF (SOXX) rose more than 5%. Chipmakers and AI infrastructure shares rebounded as investors assessed an earnings season in which 91% of S&P 500 companies reporting Q2 results have topped estimates so far, according to Bloomberg-compiled data. Oil prices climbed more than 2% to a five-week high amid a 10th straight day of U.S.-Iran strikes, lifting bond yields and adding to shipping risk around the Persian Gulf and the Red Sea.
18h ago
18h ago
Susquehanna lifts Intel price target to $115 from $80 ahead of July 23 earnings
Susquehanna raised its price target on Intel (INTC) to $115 from $80 while reiterating a “Hold” rating, citing stronger-than-expected Q2 server CPU demand and PC shipments. Intel is set to report Q2 results after the market closes on July 23, with Wall Street looking for EPS of $0.22 on revenue of $14.45 billion. The call follows Intel’s Q1 beat, when the company posted EPS of $0.29 versus expectations of $0.01. The pre-earnings upgrade is seen as a key catalyst for near-term moves in the stock, according to Susquehanna.
18h ago
18h ago
Solana tokenized assets reach $5.8B, with SOL seen potentially rising to $94
The article says tokenized assets within the Solana ecosystem have reached $5.8 billion, framing the milestone as a key catalyst for network adoption. It adds that SOL could rise to $94. The piece does not provide a specific timeframe, detailed drivers, or a data source for the figures cited. It focuses on ecosystem expansion and does not cite regulatory changes, exchange listings, token unlocks, or security incidents as direct trading catalysts.
SOL
SOL-0.33%
18h ago